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A company has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payabi Service

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A company has the following account balances at the end of the year Accounts Equipment Accounts payable Salaries expense Common stock Land Notes payabi Service revenue Cash Retained earnings Balances $16.000 1.000 23,000 12.ee 8,000 10,000 29,000 4,000 Required: Use only the appropriate accounts to prepare a balance sheet Balance Sheet December 31 Assets Liabilities 5 $ Equipment 20.000 Retained earnings 12 000 Accounts payable 4.800 Common stock Notes payable Total liabili 11000 1300 10.000 14.000 35.000 C Stockholders' Equity Totalckholders equity Total and stockholders equil 360

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